Omaha daily bee., 1887-09-29
The SPECULATIVE MARKETS.
A Weak and Tired Feeling Shows Itself
in the Wheat Pit.
A Better Showing OF Life Character
lies Provisions-Priccs for Cattle
stroneer--Hogs steady-Gen.
eral Quotations.
CHICAGO PRODUCE MARKET.

CHICAGO PRODUCE MARKER.
CHICAGO, Sept. 2s-ISpecial Telegram
10 the BEE. There was weak
and tired feeling in the wheat mar
ket this morning at the opening and
the usual reaction after several days ad-
vance. The realizing of profits by the longs.
both here and elsewhere. was credited with
Its fair share In bringing about such result.
Moreover, the majority OF traders never look
for continuous advance and act upon their
belief In reaction and naturally help to
cause It There was not much news, but
what there was appeared to favor the bears.
A greatly incre lsed movement of spring
wheat Is expected in the northwest,
railroad men reporting a demand for
cars greater tn In they can supply.
New York dispatches announce a ''soft"
market and good houses selling there.
Public cables reported spot wheat firm and
an increase of 400, 600 bushels in the amount
on passage to the United Kingdom. Later
cables quoted the near future on California
wheat at I'd decline, but gave an advance
for the January delivery Ream was said to
have put out again this morning the wheat
bought by him yesterday. Milmine, Bod
man u Co., who have furnished u good sup
port for the market for several days, began
selling yesterday and were selling to-day.
II was also reported that Henry Clews Il Co.
were heavy sellers in New York. Fleming
Il BOyden were still buyers of October but
not, 1t is believed, In Is large quantities as of
late. At least two houses here and possibly
others had New York dispatches giving de-
crease In the amount on passage to the
United Kin Sdom of 1000 bushels instead of
an increase of 4O0, 600 bushels, as the board of
trade cable had 1t. From the opening, which
was at 7l3Sc for October, 74c for December
aud 7VAc for May, there was slight rally
and then quiet steady decline to the !
the session-7lc for October, 731<c for De-
cember and 7ssSc for May. The loss for the
session from Yesterdays closing prices was
Mssy., IN october and nc In December and
The corn market was active and higher and
there was very large amount OF business
transacted. The demand for cash corn for
shipment. which has already been referred
TO, continues good sad the news received
seemed to be all in favor of the buyers. The
lowest public estimate of the corn crop yet
900 busheTs-was 2 rengthening feature,
and the recently published reports OF great
shortage in the root crop of Great Britain,
and also OF the shortage In the Danubian
mands for corn have been largely supplied,
were taken as an intimation of Increased ex-
port demand for our corn. There was con-
too, BY big bears. Hutchinson's brokers
were for the first time buying May corn as
well as October and plenty Of 1t. Baker was
purchaser asain OF cash corn and 1t is
now said that these purchases are for
export. J. Il. Lester X Go. were also
buyers. The receipts to-day were but 377
cars 4OO less than were expected, and but
room was taken here for 10000 bushels of
corn to-day. Public cables quoted corn
higher with an upward tendency. The open
SeoSery Sr and
454c for May-and there was o quite steady
advance with heavy trading all the way to
42zc for October and 46c for May, after
was strong at 421Sc asked for October and
45Nc for May.
Oats were more active, speculative trading
several days past rhe principal feature Of Of
the market was the unusual strength de-
velOped In cash and the near futures. Sales
of No. oats were made on track to go to
at the opening to 251s926c bid Mt the
o'clock close, being an advance In the latter
Of a strong asc. May oats were only sc bet
929Tc at the start up to 3Oc, closing at 291
@s0 on the split The feeling was bullsh all
'nI0ugn: = ngynv,s,ors thor. w.s . hettor shou,,r,
of life Interest, however. was largely trans.
fcrred to the January product, though In the
near deliveries of lard. as well as in October
short ribs, there was more or less doing
which was in good demand, so far as short
ribs and pork were concerned, by q heavy
trader to cover short contracts, there was al
most boom. Pork for this month sold from
sl232Is up to Sl2.55 and short ribs from
;sss up and TO- sss; sss? fssiss asspsss,,ys's! ::
established was Exc and in short ribs Sc
January lard, which was slower than the
other speculative lines, sold at S645(16 So {
and closed at s6.47ll bid, an Improvement 81
21ac. October short ribs ranged at $1,000
livery advanced 2lSc. resting at SO: :45 bid Tor
October. SO. 40 for November and $6.42A for
December. Cash lard was 2}16c higher than
October; For l6o-lb green hams, ,sssc was
AFTERNOON SEssION.-Wheate easier; Sep
tember closed at about 7Oss41O1Sc; October
sold at 7lG7Olsc, closing at 7O1s97lc; NOvem.
her closed at 721sc; December sold at 73A "a
ssla At 7sSsc Is 7sssS5she. spit closing "a ..
7shc. Corn steady; October sold at $3.50
42ss941xc. split, closing at 42hse; November
SOLD at l2lSc; May sold at 45stGI45slc. closing
at 45Kd454c. Oats steady; September about
25slc; October sold at 2ssaga5}sc on the split;
bid; May sold at 29K9SOc and closed at
SOC asked. Pork for January was advanced
lOc, selling at $l2.459la.52x ard closing al
Sl252x; year was quoted at Sl2.20 Lard
@65Ofor September and October. s6.45 FOL
November, S6.471a for December and S652k
for January; October sold at $6.47h, No
vember at Sc. .45 and January at 81. 5000. 52X
Short ribs for October delivery closed al
BID or |olsS asasss he 81 January sold a
of &c.
CHICAGO LIVE STOCK.